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Real Estate - REIT - Office - NYSE - US
$ 40.61
-2.47 %
$ 7.74 B
Market Cap
-145.04
P/E
1. INTRINSIC VALUE

Vornado's portfolio is concentrated in the nation's key market "New York City" along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.[ Read More ]

The intrinsic value of one VNO stock under the base case scenario is HIDDEN Compared to the current market price of 40.6 USD, Vornado Realty Trust is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart VNO

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FINANCIALS
1.81 B REVENUE
0.62%
745 M OPERATING INCOME
524.49%
32.9 M NET INCOME
108.60%
648 M OPERATING CASH FLOW
-18.87%
-129 M INVESTING CASH FLOW
85.80%
-412 M FINANCING CASH FLOW
48.63%
443 M REVENUE
-1.56%
-30.5 M OPERATING INCOME
-44.89%
-44.5 M NET INCOME
-87.65%
-226 M OPERATING CASH FLOW
-116.17%
-177 M INVESTING CASH FLOW
0.25%
-13.2 M FINANCING CASH FLOW
73.52%
Balance Sheet Decomposition Vornado Realty Trust
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Current Assets 2.21 B
Cash & Short-Term Investments 997 M
Receivables 771 M
Other Current Assets 439 M
Non-Current Assets 14 B
Long-Term Investments 2.61 B
PP&E 680 M
Other Non-Current Assets 10.7 B
Current Liabilities 32.2 M
Accounts Payable 411 M
Short-Term Debt 589 M
Other Current Liabilities -967 M
Non-Current Liabilities 9.21 B
Long-Term Debt 8.4 B
Other Non-Current Liabilities 810 M
EFFICIENCY
Earnings Waterfall Vornado Realty Trust
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Revenue 1.81 B
Cost Of Revenue 905 M
Gross Profit 906 M
Operating Expenses 605 M
Operating Income 745 M
Other Expenses 712 M
Net Income 32.9 M
RATIOS
50.02% GROSS MARGIN
50.02%
41.12% OPERATING MARGIN
41.12%
5.82% NET MARGIN
5.82%
1.91% ROE
1.91%
0.65% ROA
0.65%
2.87% ROIC
2.87%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Vornado Realty Trust
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Net Income 32.9 M
Depreciation & Amortization 458 M
Capital Expenditures 0
Stock-Based Compensation 43.2 M
Change in Working Capital -25.6 M
Others 77.4 M
Free Cash Flow 648 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Vornado Realty Trust
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Wall Street analysts predict an average 1-year price target for VNO of $31.7 , with forecasts ranging from a low of $22 to a high of $45 .
VNO Lowest Price Target Wall Street Target
22 USD -45.83%
VNO Average Price Target Wall Street Target
31.7 USD -22.02%
VNO Highest Price Target Wall Street Target
45 USD 10.81%
4. DIVIDEND ANALYSIS
0.21% DIVIDEND YIELD
0.3 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Vornado Realty Trust
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
56.4 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
20.5 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 months ago
Jul 11, 2024
Sell 56.4 K USD
WIGHT RUSSELL B JR
Director
- 2000
28.1935 USD
10 months ago
Dec 21, 2023
Sell 7.77 M USD
Fascitelli Michael D
Director
- 262945
29.5365 USD
10 months ago
Dec 22, 2023
Sell 5.74 M USD
Fascitelli Michael D
Director
- 196736
29.1868 USD
10 months ago
Dec 22, 2023
Sell 4.21 M USD
Fascitelli Michael D
Director
- 140319
30.0379 USD
11 months ago
Dec 13, 2023
Sell 428 K USD
WIGHT RUSSELL B JR
Director
- 15000
28.5159 USD
11 months ago
Dec 13, 2023
Sell 233 K USD
WIGHT RUSSELL B JR
Director
- 8000
29.0956 USD
11 months ago
Dec 14, 2023
Sell 91.5 K USD
WIGHT RUSSELL B JR
Director
- 3000
30.4907 USD
11 months ago
Dec 14, 2023
Sell 125 K USD
WIGHT RUSSELL B JR
Director
- 4000
31.3036 USD
11 months ago
Dec 08, 2023
Sell 140 K USD
WIGHT RUSSELL B JR
Director
- 5000
27.9535 USD
11 months ago
Dec 06, 2023
Sell 561 K USD
WIGHT RUSSELL B JR
Director
- 20000
28.0377 USD
11 months ago
Dec 07, 2023
Sell 1.24 M USD
WIGHT RUSSELL B JR
Director
- 44595
27.7325 USD
1 year ago
May 25, 2023
Bought 11.4 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.4 USD
1 year ago
May 25, 2023
Bought 11.4 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.4 USD
1 year ago
May 26, 2023
Bought 11.2 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.2 USD
1 year ago
May 26, 2023
Bought 11.2 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.2 USD
1 year ago
May 25, 2023
Bought 18.8 K USD
WIGHT RUSSELL B JR
Director
+ 1673
11.2397 USD
1 year ago
May 25, 2023
Bought 18.7 K USD
WIGHT RUSSELL B JR
Director
+ 1668
11.2399 USD
1 year ago
May 23, 2023
Bought 11.5 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.52 USD
1 year ago
May 23, 2023
Bought 11.5 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.51 USD
1 year ago
May 17, 2023
Bought 11 K USD
WIGHT RUSSELL B JR
Director
+ 1000
10.9864 USD
1 year ago
May 17, 2023
Bought 11 K USD
WIGHT RUSSELL B JR
Director
+ 1000
10.986 USD
1 year ago
May 17, 2023
Bought 9.28 K USD
WIGHT RUSSELL B JR
Director
+ 1000
9.2797 USD
1 year ago
May 17, 2023
Bought 9.26 K USD
WIGHT RUSSELL B JR
Director
+ 1000
9.265 USD
1 year ago
May 16, 2023
Bought 22.1 K USD
WIGHT RUSSELL B JR
Director
+ 2000
11.05 USD
1 year ago
May 16, 2023
Bought 22.1 K USD
WIGHT RUSSELL B JR
Director
+ 2000
11.05 USD
1 year ago
May 15, 2023
Bought 11.1 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.1398 USD
1 year ago
May 15, 2023
Bought 11.2 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.15 USD
1 year ago
May 16, 2023
Bought 11.2 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.15 USD
1 year ago
May 16, 2023
Bought 19 K USD
WIGHT RUSSELL B JR
Director
+ 2000
9.51 USD
1 year ago
May 16, 2023
Bought 19 K USD
WIGHT RUSSELL B JR
Director
+ 2000
9.49 USD
1 year ago
May 16, 2023
Bought 11.5 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.5 USD
1 year ago
May 12, 2023
Bought 11 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.04 USD
1 year ago
May 11, 2023
Bought 78 K USD
WIGHT RUSSELL B JR
Director
+ 7000
11.15 USD
1 year ago
May 12, 2023
Bought 11 K USD
WIGHT RUSSELL B JR
Director
+ 1000
11.045 USD
1 year ago
May 11, 2023
Bought 55.8 K USD
WIGHT RUSSELL B JR
Director
+ 5000
11.15 USD
1 year ago
May 12, 2023
Bought 22.3 K USD
WIGHT RUSSELL B JR
Director
+ 2000
11.17 USD
1 year ago
May 12, 2023
Bought 22.3 K USD
WIGHT RUSSELL B JR
Director
+ 2000
11.16 USD
1 year ago
May 11, 2023
Bought 22.8 K USD
WIGHT RUSSELL B JR
Director
+ 2000
11.41 USD
2 years ago
Apr 13, 2022
Sell 5 M USD
Fascitelli Michael D
director:
- 119100
41.9724 USD
4 years ago
Mar 10, 2020
Bought 497 K USD
Helman William W
Director
+ 10200
48.7366 USD
4 years ago
Jan 14, 2020
Sell 283 K USD
Langer Barry
EVP - Dev. Co-Head of R.E.
- 4255
66.6121 USD
5 years ago
Jul 09, 2019
Sell 39.5 K USD
Weiss Glen J.
EVP- Off Leasing Co- Head R.E.
- 600
65.84 USD
5 years ago
Jul 31, 2019
Sell 257 K USD
Weiss Glen J.
EVP- Off Leasing Co- Head R.E.
- 3978
64.57 USD
5 years ago
Jan 14, 2019
Sell 8.1 M USD
Fascitelli Michael D
Director
- 126074
64.2302 USD
5 years ago
Nov 29, 2018
Sell 1.63 M USD
MACNOW JOSEPH
EVP - Finance, Chief Admin. Of
- 23000
70.8023 USD
7 years ago
Feb 21, 2017
Sell 232 K USD
Iocco Matthew
EVP - Principal Accounting Off
- 2106
110.25 USD
7 years ago
Dec 29, 2016
Sell 1.54 M USD
SCHEAR MITCHELL N
President - VNO/Smith Division
- 15000
102.644 USD
7 years ago
Dec 08, 2016
Sell 1.03 M USD
MACNOW JOSEPH
EVP - Finance, Chief Admin. Of
- 10000
102.6606 USD
7 years ago
Dec 07, 2016
Sell 3.09 M USD
MACNOW JOSEPH
EVP - Finance, Chief Admin. Of
- 30000
103.0898 USD
8 years ago
Nov 02, 2016
Sell 543 K USD
WIGHT RUSSELL B JR
Director
- 6084
89.2522 USD
8 years ago
Nov 02, 2016
Sell 348 K USD
WIGHT RUSSELL B JR
Director
- 3916
88.8546 USD
8 years ago
Nov 02, 2016
Bought 4.43 M USD
TISCH DANIEL R
Director
+ 50000
88.5292 USD
8 years ago
Aug 17, 2016
Bought 205 K USD
WIGHT RUSSELL B JR
Director
+ 2000
102.53 USD
9 years ago
Sep 22, 2015
Sell 113 K USD
MACNOW JOSEPH
EVP-Finance, Chief Admin. Of
- 4500
25.0826 USD
9 years ago
Aug 24, 2015
Bought 176 K USD
WIGHT RUSSELL B JR
Director
+ 2000
88.2 USD
7. News
Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally Manhattan is experiencing a generational wave of office-to-residential conversions that are taking the supply of office space off the market. Vornado Series O Preferreds are trading at just under 66 cents on the dollar. Leasing is strong, with VNO expecting its portfolio occupancy rate to rise on the back of recent leases. seekingalpha.com - 4 days ago
Vornado price target raised to $48 from $42 at BofA BofA analyst Camille Bonnel raised the firm's price target on Vornado to $48 from $42 and keeps a Neutral rating on the shares after the company announced a master lease with NYU for its 1.1M SF office space at 770 Broadway. The firm expects Vornado will lease most of the vacant space at PENN 2 over the next few quarters, which means rent will likely commence in 2026, and it raised it Vornado estimates, but reiterates a Neutral rating on valuation. https://thefly.com - 6 days ago
Vornado: A Full Recovery Is Priced In Vornado Realty Trust is one of the largest office real estate REITs in the markets. VNO's Q3 results were in line with estimates but showed YoY declines in revenue and FFO/share, reflecting a challenging environment. The demand for office space remains weak due to the rise of remote work, with significant vacancy rates and new supply entering the market. seekingalpha.com - 1 week ago
Vornado Realty Trust (VNO) Q3 2024 Earnings Call Transcript Vornado Realty Trust (NYSE:VNO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzinski - Green Street Capital Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Nick Yulico - Scotiabank Operator Good day. And welcome to the Vornado Realty Trust Third Quarter 2024 Earnings Call. seekingalpha.com - 1 week ago
Vornado's Q3 FFO & Revenues Beat Estimates, Same-Store NOI Declines VNO's Q3 results reflect better-than-anticipated revenues on decent leasing activity. However, total same-store NOI declines across the portfolio. zacks.com - 1 week ago
Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 1 week ago
Vornado (VNO) Surpasses Q3 FFO and Revenue Estimates Vornado (VNO) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.66 per share a year ago. zacks.com - 1 week ago
Vornado Announces Third Quarter 2024 Financial Results NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2024 Financial Results NET LOSS attributable to common shareholders for the quarter ended September 30, 2024 was $19,154,000, or $0.10 per diluted share, compared to net income attributable to common shareholders of $52,846,000, or $0.28 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended September 30, 2024 was $99,256,000, or $0.50 per diluted share, compared to $119,487,000, or $0.62 per diluted share, for the prior year's quarter. globenewswire.com - 1 week ago
Vornado Declares Quarterly Dividends On Preferred Shares NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: globenewswire.com - 2 weeks ago
Gear Up for Vornado (VNO) Q3 Earnings: Wall Street Estimates for Key Metrics Beyond analysts' top -and-bottom-line estimates for Vornado (VNO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024. zacks.com - 2 weeks ago
Vornado Announces Third Quarter Earnings Release Date and Conference Call Information NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock Exchange has closed. The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time (ET). globenewswire.com - 3 weeks ago
Office REITs Finally Turn Around. Vornado Is One Investor's Pick. Jeffrey Kolitch of Baron Real Estate Fund is putting money into Vornado, an office REIT with high-end properties in New York City. barrons.com - 4 weeks ago
8. Profile Summary

Vornado Realty Trust VNO

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 7.74 B
Dividend Yield 0.21%
Description Vornado's portfolio is concentrated in the nation's key market "New York City" along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
Contact 888 Seventh Avenue, New York, NY, 10019 https://www.vno.com
IPO Date March 17, 1980
Employees 2935
Officers Mr. Barry S. Langer Executive Vice President of Development & Co-Head of Real Estate Mr. Glen J. Weiss Executive Vice President of Office Leasing & Co-Head of Real Estate Mr. Thomas Sanelli Executive Vice President of Finance & Chief Administrative Officer Mr. Michael J. Franco President & Chief Financial Officer Ms. Deirdre K. Maddock Senior Vice President & Chief Accounting Officer Mr. Robert Entin Chief Information Officer & Executive Vice President Robert Larson Senior Vice President of Operations Mr. Steven Roth Chairman of the Board & Chief Executive Officer Ms. Catherine C. Creswell Director of Investor Relations Mr. Haim H. Chera Executive Vice President & Head of Retail